📌 BlackRock to file for the spot #Bitcoin
ETF as per Coindesk.
➡️ First, the #SEC rejected all spot ETFs and allowed futures ETFs, which are highly speculative.
➡️ Then the SEC sued all major crypto companies while, at the same time, big banks were taking #btc ownership through #Microstrategy shares.
➡️ Now #BlackRock is planning to file for the #BitcoinETF.
➡️ It's absolutely clear that this was all planned from the beginning.
For anyone wondering who BlackRock is, here is some context: 👇
📌 It's the world's largest asset manager, with over $𝟵 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 in AUM (assets under management).
📌 The entire #Crypto market is just 𝟎.𝟏𝟐% of BlackRock's AUM.
📌 Its AUM is even higher than the GDP of countries like 🇮🇳 India, 🇯🇵Japan, 🇩🇪Germany, and many more.
Here's the list of companies in which they have some ownership: 👇
